In the first quarter, the performance of petrochemical companies in the Gulf region rose and fell

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Due to the increase in cost of sales, the profit of the Gulf Cooperation Council petrochemical company in the first quarter of 2012 decreased by 10.2% year-on-year to US$3.1 billion, and the profit for the same period last year was US$3.5 billion. However, compared with the previous quarter, the overall profit increased by 23.9% from the previous quarter, mainly due to the increase in product prices and the increase in sales volume to increase sales revenue.

Overall, the performance of the Petrochemical companies in the Gulf Region fell in the first quarter compared to the previous quarter. Saudi Basic Industries Corporation, Qatar Industrial Corporation, Yanbu National Petrochemical Corporation (YANSAB), Sahara Petrochemical Corporation, Shell Oman, and Rabig Oil Corporation The profit of Dana Gas increased compared with expectations, while the profits of Saudi Kayan, SAFCO, Tasnee, Sipchem, and Nama Chemical declined. Continue to lose money.

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